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Giorgio had cost of goods sold of $9,101 million, ending inventory of $2,089 million, and average inventory of $1,900 million. Its inventory turnover equals: Multiple Choice 0.21. 4.36. 4.79. 76.2 days. 83.8 days.

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Martebi

Based on the scenario given above, the inventory turnover equals 4.79. Check more about the term below.

What is inventory?

Inventory is a term that is used for all items, goods, and materials held by a business that are meant to be sold in the market to get a profit.

Based on the scenario given above, since Giorgio  had cost of goods sold of $9,101 million, ending inventory of $2,089 million, and average inventory of $1,900 million. Its inventory turnover equals, the inventory turnover equals 4.79.

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